Boeing forecasts market for 3,350 new airplanes in Middle East over next 20 years
Dubai, UAE - Growing airport hubs, diverse business models, infrastructure investments driving regional demand
(WAPA) - Boeing forecasts that airlines in the Middle East will need 3,350 new airplanes over the next 20 years, valued at an estimated $730 billion. The industry presented its 2017 Current Market Outlook (CMO) for the region during the "Dubai Airshow".
Twin-aisle airplanes are expected to make up nearly 50 percent of the new airplanes in the Middle East, and more than 70 percent of the value at $520 billion. Both percentages are significantly higher than the global average. The strong long-term demand for widebody airplanes was reinforced at the show as Emirates Airline announced a commitment to purchase 40 B-787/10 Dreamliners in a deal valued at $15.1 billion at current list prices.
More than half of the total deliveries in the Middle East will be single-aisle airplanes such as the 737 MAX. Operators in the region will need 1,770 single-aisle airplanes valued at $190 billion, driven by the growth of low-cost carriers.
Its presence and support for the Middle East also includes Global Services, the company's third and newest business unit that is expanding its service capability offerings to better support the region's airlines and aircraft.
Global Services is focused on bringing innovative solutions to market quickly within four capability focus areas: supply chain, engineering, modifications and maintenance, digital aviation and analytics, and training and professional services. Its services expertise, global reach, and strong customer in-country partnerships, position the company to compete.
Around the world, the US company has forecasted long-term demand for 41,030 new airplanes, valued at $6.1 trillion. These new aircraft will replace older, less efficient planes, benefiting airlines and passengers and stimulating growth in emerging markets and innovation in airline business models.
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